This is on the money. Your money, your life, your future we begin with your home. A new government report warns Climate Change will cost the u. S. Economy hundreds of billions of dollars in annual losses by the end of the century and were already seeing the beginnings of this in the Mortgage Market. Rising risks is this weeks cover story and diana olick has more reporter Hurricane Harvey flooded close to 100,000 houston area homes, and the vast majority of them had no Flood Insurance. Ultimately we ended up with about four feet. Reporter jennifer and andy taylor did have insurance and at the time vowed to rebuild. The fabric of the community has been amazing. Reporter but as they watched several homes on their street go into foreclosure and the fabric of their community seem to unravel, they joined other struggling neighbors and sold to hungry investors who descended on the city. Houstons Strong Economy made it a hot Housing Market before the storm and investors are still swarming fore
Last couple of months. If you look at the s p 500 so the one question is does the market give you four chances to buy the low . Thats why i think a lot of skepticism breeds this market. Its been a violent market but not one thats sitting there and pricing in new fundamental information in a way giving you much indication of whats happening. I could have come in today and said that we were up 300 or down 300 and that would make sense. That would make sense. Thats the kind of market were in right now i do think when you mentioned the december weakness, even in weeks or years when december was bad in the first couple of weeks you did get some kind of relief. You did get some kind of push. Is the market going to seize on one of these excuses to have a rally . Its refused all these other opportunities. Its a weird headline for the journal, lead story. They sort of i dont know, its not like breaking news. Right. Bargain hunters bypass stocks. For the First Time Since the dot come era, invest
To be another ugly one for investors. There were still trade concerns after a white house official said march was adl hard de for talks with china. Apple got caught up in a legal battle with qualcomm when the Chinese Government banned the sale of most Iphone Models. And a critical vote on brexit in the u. K. Parliament was delayed. It a served to push the dow dawn about 500 points at the low of the then apple suddenly reversed course midday and that seemed to help lift tech sector and then the Broader Market. By the close of another wild day of trading the dow finished 34 points higher to 24,423. The nasdaq added 51. And the s p 500 was up by 4 points. Mike santoli takes a look at the volatile market and whattho expect in e days and weeks ahead. Reporter more than two months into a nasty downturn stocks areav bg like some hybrid of a bull and a bear market. The s p 500 is lower than it was a year ago in its second 10 correction in ten months and half ofre its stocks down at least 20 fr
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